Prime Minister (PM) Shehbaz Sharif has said reduction in policy rate will enhance business activities, exports and employment opportunities in the country.
Presiding over a meeting of the Parliamentary Party of Pakistan Muslim League-Nawaz (PML-N) here in Islamabad on Monday, he said the economy of Pakistan is becoming stable.
He said the State Bank of Pakistan has reduced the policy rate by 250 points. He said following the decrease of 250 points, the reduction of policy rate from 17.5% to 15% is welcoming.
The Prime Minister said inflation has scaled down from thirty-eight percent to seven percent, while the national and international institutions are testament to the stability of the country’s economy.
He said the nefarious designs of those, who want to spread chaos and bring the country to the brink of bankruptcy, witnessed failure. He said history will always remember those in golden words who sacrificed their politics for the survival of the country.
The Prime Minister said when the historian will write the history, he will clearly write about the well-wishers of the country and about those, who wrote letters to the International Monetary Fund (IMF) to stop giving loans.
Shehbaz Sharif said a new chapter has been added in Pakistan-Saudi investment partnership during the recent visit to Saudi Arabia.
He said in the Future Investment Initiative, a detailed discussion was held with the Saudi leadership, especially Saudi Crown Prince Mohammed bin Salman.
He said Saudi Arabia is a long lasting friend and partner of Pakistan. He said the Saudi leadership assured all kind of support for the stability and development of Pakistan’s economy.
The Prime Minister informed the PML-N Parliamentary Party that during his visit to Qatar, the Qatari leadership also assured increase of investment in Pakistan. He said talks were held for giving practical shape to the projects worth three billion dollars of Qatari investment in Pakistan.
He said Qatar will invest in various sectors including aviation, hoteling, Information Technology and energy sectors in Pakistan.
Shehbaz Sharif said the government is taking steps on priority basis to facilitate investment and increase foreign investment in Pakistan. He said reform agenda is being implemented in every sector of the country.
He said the Federal Board of Revenue (FBR) has been directed to honour such people who pay taxes as they are ambassadors of Pakistan.
During the meeting, the PML-N Parliamentary Party was also taken into confidence regarding the proposed legislation bill in the National Assembly.